DREYFUS INVESTMENT GRADE BOND FUND INC
497, 1999-02-02
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                                                               February 4, 1999

                   DREYFUS INVESTMENT GRADE BOND FUNDS, INC.

                           SUPPLEMENT TO PROSPECTUS

                            DATED NOVEMBER 1, 1998

SMALL ACCOUNT FEE

      In  order  to  offset  the  relatively  higher  costs of servicing smaller
accounts,  the  Fund  will charge regular accounts with balances below $2,000 an
annual  fee of $12. The valuation of accounts and the deductions are expected to
take  place during the last four months of each year. The fee will be waived for
any  investor  whose  aggregate  Dreyfus  mutual fund investments total at least
$25,000,  and  will  not  apply  to IRA accounts or to accounts participating in
automatic  programs  or  opened  through  a  securities  dealer,  bank  or other
financial institution, or to other fiduciary accounts.

                                                                   082/083s0299

















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